SCHEDULES

SCHEDULE 9Value shifting

Amendments of TCGA 1992

1

In section 30 of TCGA 1992 (tax-free benefits)—

(a)

in subsection (1)(a) omit “or a relevant asset”,

(b)

for subsection (2) substitute—

“(2)

But, for the purposes of corporation tax, this section does not have effect if the disposal of the asset is a disposal by a company of shares in, or securities of, another company (as to which see section 31).”, and

(c)

omit subsection (8).